The Canadian Press

Canada’s inflation rate hits 2% target, lowest level in more than three years

Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth.

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

The Canadian Real Estate Association says housing sold in August fell compared with a year ago as the market remained largely "stuck in a holding pattern" despite borrowing costs beginning to come down.

Inflation expected to ease to 2.1%, lowest level since March 2021: economists

Economists anticipate that Canada's annual inflation rate in August fell to its lowest level since March 2021.

Telesat Lightspeed: Canada, Quebec give billions of dollars for satellite production

The Canadian government has announced a loan of $2.14 billion to satellite operator Telesat, to help the company build its broadband satellite constellation.

Bank of Canada ready to cut faster — or slower — if it needs to, Macklem says

The Bank of Canada delivered its third consecutive interest rate cut today, bringing its key lending rate to 4.25 per cent.

BoC expected to cut key interest rate, despite stronger-than-anticipated growth in Q2

Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter.

Shopify fills CTO role with ex-Microsoft executive Mikhail Parakhin

Shopify has named a new chief technology officer, filling a role that has been empty since January...

Feds identify 56 properties for conversion to affordable housing, including 22 in Ottawa

The federal government has added 56 properties — including 22 in Ottawa — to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the housing minister says will help boost the supply of homes Canadians can afford.

New ‘ultra-discount’ grocery store coming to Brockville as part of Loblaw pilot

Brockville will see a new ultra-discount grocery store open that promises to deliver even lower prices by stripping away even more frills.

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